IMF pledges increased technical assistance to tax reforms in Armenia

The International Monetary Fund (IMF) promises to step up technical assistance to Armenia in the implementation of the tax reforms aimed at modernizing the system.

A delegation led by Vincent Cougpaizen, the head of a technical assistance mission on tax administration, on Wednesday met with Head of the State Revenue Committee David Ananyan to discuss cooperation perspectives.

According to an official press statement released after the talks, the sides also considered the IMF's current objectives and the Committee's affairs, elaborating on the ongoing business projects and the expected outcomes. They addressed, particularly, the tax administration strategy and the proposed reforms to the tax legislation of Armenia.

Procedures for introducing an online system to assess the tax shadow and identify the existing risks were also mutually prioritized.

The meeting also offered the sides a chance to sum up earlier talks with deputy heads of the Committee. The IMF mission promised to assist in the current activities towards modernizing tax administration, expressing hope for future positive outcomes.

The sides mutually praised the developing cooperation between the Fund and the Committee.